Ten Workers Work Jointly on a Project

question 23

Multiple Choice

Ten workers work jointly on a project.All 10 workers are equally skilled.The total value of the output produced is $70 times the sum of the number of hours worked by all 10 workers.Each worker's utility is equal to his income minus the square of the number of hours he works.Each worker is selfish.The employers have no way of keeping track of any individual's work effort, so they decide to let each person work as long as he wants to and they divide the total value of the output equally among the workers.How much income will each worker get?

• A)$245
• B)$2,450
• C)$35
• D)$260
• E)None of the above.

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Definitions:

Biology

The examination of life and living entities, focusing on their composition, function, development, evolution, and dispersion.

Ethnomethodology

Ethnomethodology is a sociological perspective that studies the way people make sense of their everyday world, focusing on the methods and practices through which social order is produced.

Cognition

The cognitive process of gaining knowledge and comprehension via thinking, experiencing, and sensory perception.

Micro-level Sociology

Focuses on the study of individual or small group interactions and how they affect larger societal patterns and institutions.